Standard Expenses for Apartment Complex:
- administration
- advertising & marketing
- leasing (commissions)
- onsite staff payroll (sometimes split among relevant categories as in "maintenance, payroll")
- management fees (usually around 10% for the 3rd party company)
- office, onsite
- telephone
- bookkeeping or offsite office expense
- legal and accounting fees (also called professional fees)
- licenses & permits
- miscellaneous, (postage, copier lease, etc.)
- utilities
- Water & sewer
- Gas
- Cable TV
- Electric
- Heat & hot water (if not electric)
- Trash disposal
- maintenance
- Decorating
- Cleaning
- Repairs
- Supplies
- grounds and landscaping
- insurance
- real estate taxes
capital replacements and reserves for replacements (On average $250/year per unit)